LG’s third quarter smartphone sales rise, but margins fell.

LG reported results for the third quarter of 2013, total revenues of 13.89 trillion won (about 12.51 billion) and a net operating profit of 217.8 billion won, up 27% compared to the same quarter. year

businesses that create income, most have a LG Home Entertainment. But revenue fell 7%, while the LG Mobile Communications. Revenue increased to 24%, with shipments of smartphones reached 12 million units, but the company admits that profits are still declining. Due to fierce competition and the need to invest in the market much higher. The company will fix this problem by relying on a sales level LG G2 and accelerate new products to be more on the level

Source: BGR



                     LG, Financial Report


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